Tata group exits Taj Palace Hotel, Dubai

Last Updated: Tuesday, September 1, 2015, 12:31

Located at Deira, it was operating the hotel since 2001 and it was handed back to its owner - Juma Al Majid Group, on August 31 2015, the hospitality major said.

GMR moves to sell Hyderabad hotel property

Last Updated: Friday, August 28, 2015, 15:52

The GMR group as part of its asset light strategy is now looking for buyers for its hotel property at Rajiv Gandhi International Airport here under the Swiss Challenge model, it said in an exchange filing Friday.

Not selling overseas properties: Sahara to Surpreme Court

Last Updated: Monday, August 17, 2015, 21:06

Sahara Group Monday told the Supreme Court that it was not selling its three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels and alleged that some entities are "looking to grab these properties".

Two foreign firms move SC to buy Sahara's overseas hotels

Last Updated: Friday, August 14, 2015, 22:29

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

Spa, gymnasium, hotel rooms to become costlier as Delhi govt notifies hike in luxury tax

Last Updated: Friday, July 31, 2015, 23:43

Going to spa, gymnasium and living in expensive rooms in hotels will become costlier from Saturday with the Delhi government notifying the increase in luxury tax.

Hotel industry to see modest 6% growth in FY16: ICRA

Last Updated: Tuesday, June 30, 2015, 19:26

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

Sahara Group says will defend lawsuit on US hotels sale

Last Updated: Thursday, June 25, 2015, 19:43

Facing a lawsuit in the US over sale of its overseas hotels, crisis-ridden Sahara Thursday said it was a "private dispute" between two parties unrelated to it and the group will "vigorously" defend its position.

Delhi gets costlier, moves up 4 spots in affordabilty index

Last Updated: Thursday, June 25, 2015, 18:52

The capital of India has become costlier for hotel dining with its rank moving four spots up in a global index which measures affordibility.

US court issues show-cause notice to Sahara in $350-mn lawsuit

Last Updated: Monday, June 22, 2015, 19:00

In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a USD 350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown.

Caparo group to invest $150 mn in US commercial complex

Last Updated: Friday, June 19, 2015, 11:43

The announcement was made by Lord Paul, an NRI industrialist based in the UK, in the presence of Missouri Governor Jay Nixon.

NDMC defers Taj Mansingh auction; IHCL gets 3-month extension

Last Updated: Saturday, June 13, 2015, 12:01

The last extension was given on March 25 and the current lease agreement, which expires on June 30, has now been extended till September 30.

ITC to invest Rs 8,000 crore in Telangana

Last Updated: Friday, June 12, 2015, 18:11

"As a commitment from ITC we assure you that we will be investing Rs 8000 crore in the state of Telangana. We will expand our paper plant capacity and set up a new hotel in Hyderabad,"